timwest

GOLD (GLD) update = cover shorts go flat here and wait

AMEX:GLD   SPDR Gold Trust
0
Some comments on GOLD ( GLD etf ): IF THIS BIG GAP UP AND CLOSE LOWER DAY CAN'T LEAD TO LOWER PRICES RIGHT AWAY (TODAY), THEN IT IS BEST TO ASSUME THAT WAS A FAKE-OUT. IF THE SELLERS WERE VERY DETERMINED TO SELL GOLD , THEY WOULD HAVE MORE TO SELL AND PRICES WOULD BE HEADING LOWER TODAY. MAKES SENSE.
By: Technical Tim Dec 8, 2011 9:52AMEST

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